S corporation has 100 shares of stock outstanding. p corporation purchases stock from unrelated parties as follows.

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jan 2, 2021: 5 shares

may 5, 2021: 50 shares

nov 6, 2021: 20 shares

feb 12, 2022: 15 shares

P corporation acquires control of s corporation on:

a. may 5, 2021

b. nov 6, 2021

c. feb 12, 2022

d. none of the above

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Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Feb 13, 2024 10:58 AM

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S corporation has 100 shares of stock outstanding. p corporation purchases stock from unrelated parties as follows.

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Smith and Roberson Business Law

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